REPUBLISHING AU BASE BREAKOUT - now retesting

I think this pullback to the base is an ideal time to get started on this trade if you are on the sidelines watching and waiting. The pullback is on decent volume, but a tad less than the rally, which is always nice to see. I would view $12.50 as the 'don't touch' level or stop out. If I did get stopped out at $12.50, I will still be open to revisiting this trade once it turns back up $1.00 or climbs over $15.00. I still believe this sector of the market is under-owned and investors are very shy about buying more to get their position back up to where it is supposed to be. Investors need to "double-up" their positions with mining shares at current levels. Granted, profitability of mines is as issue, but there is never a "green light" flashing to tell you to buy. In life, you have to call your own shots. I hope you can refer to my GG (Goldcorp) charts to see that I don't always call the mining shares to the upside. When they were flying high, I was careful to point out that they were not very profitable and hence, likely not a very good long term investment. Take a look and let me know what you think. All the best, Tim West 11:41AM EST